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The court concluded that Corwin stops short of cleansing defensive measures and instead such claims for injunctive relief should be analyzed under the enhanced scrutiny of the Unocal line of cases (See Unocal v. [read post]
23 Jun 2024, 9:19 pm by Chukwuma Okoli
The brief facts of the case is as follows: The sixth appellant, African Wireless Incorporated (AWI), is a corporation registered in terms of the laws of the State of Delaware in the United States of America; and the first to fifth appellants are the shareholders of AWI. [read post]
10 Jun 2024, 11:16 am by Seth Barrett Tillman
State, 709 A.2d 619 (Del. 1998) (applying Delaware law) (same); State v. [read post]
9 Jun 2024, 9:05 pm by renholding
On February 23, 2024, the Delaware Court of Chancery issued its decision in West Palm Beach Firefighters’ Pension Fund v. [read post]
5 Jun 2024, 3:55 pm by Evan George
This unusual full-court press comes in the case of City & County of Honolulu v. [read post]
8 Apr 2024, 4:22 am by Peter Mahler
Delaware law, for example, does not authorize a claim for judicial dissolution of a close corporation based on shareholder oppression. [read post]
7 Apr 2024, 9:05 pm by renholding
One might say that it is easier for business managers and investors to focus only on the primary objective of short-term and long-term profits. [read post]
2 Apr 2024, 9:01 pm by renholding
New Section 147 is being added in light of the Delaware Court of Chancery’s opinion in Sjunde AP-Fonden v. [read post]
15 Feb 2024, 1:23 pm by Kevin LaCroix
The court doesn’t insist that the board members should have stated they were not independent. [read post]
23 Jan 2024, 9:01 pm by renholding
The truth began to be revealed in March 2020 when the House Financial Services Committee released a 113 report, describing Wells Fargo’s risk management plans as “materially incomplete” and “woefully short. [read post]
17 Jan 2024, 5:40 am by Eugene Volokh
The Lawsuit is in federal court in the Western District of Washington, case No. 2- 23-cv-00647, with short caption of The Second Amendment Foundation v. [read post]